Seoyon Co (XKRX:007860) Long-Term Capital Lease Obligation : ₩21,710 Mil (As of Mar. 2024)

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What is Seoyon Co Long-Term Capital Lease Obligation?

Seoyon Co's Long-Term Capital Lease Obligation for the quarter that ended in Mar. 2024 was ₩21,710 Mil.

Seoyon Co's quarterly Long-Term Capital Lease Obligation increased from Sep. 2023 (₩13,200 Mil) to Dec. 2023 (₩26,915 Mil) but then declined from Dec. 2023 (₩26,915 Mil) to Mar. 2024 (₩21,710 Mil).

Seoyon Co's annual Long-Term Capital Lease Obligation increased from Dec. 2021 (₩4,279 Mil) to Dec. 2022 (₩7,283 Mil) and increased from Dec. 2022 (₩7,283 Mil) to Dec. 2023 (₩26,915 Mil).

Seoyon Co Long-Term Capital Lease Obligation Historical Data

The historical data trend for Seoyon Co's Long-Term Capital Lease Obligation can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Seoyon Co Long-Term Capital Lease Obligation Chart

Seoyon Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Long-Term Capital Lease Obligation

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2,844.97

1,928.73

4,278.51

7,282.83

26,915.46

Seoyon Co Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Long-Term Capital Lease Obligation	Get a 7-Day Free Trial															7,211.12	13,821.02	13,199.50	26,915.46	21,709.60

Seoyon Co (XKRX:007860) Long-Term Capital Lease Obligation Explanation

Long-Term Capital Lease Obligation are the amount due for long-term asset lease agreements that are nearly equivalent to asset purchases. Capital lease obligations are installment payments that constitute a payment of principal plus interest for the capital lease. The Short-Term Capital Lease Obligation is the portion of a Long-Term Capital Lease Obligation that is due over the next year.

Under US Generally Accepted Accounting Principles (GAAP), a capital lease is essentially equivalent to a purchase by the lessee if it meets the following criteria:

1. Ownership of the asset is transferred to the lessee at the end of the lease term;
2. The lease contains a bargain purchase option to buy the equipment at less than fair market value;
3. The lease term equals or exceeds 75% of the asset's estimated useful life;
4. The present value of the lease payments equals or exceeds 90% of the total original cost of the equipment.

Seoyon Co Long-Term Capital Lease Obligation Related Terms

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Seoyon Co (XKRX:007860) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » Seoyon Co Ltd (XKRX:007860) » Definitions » Long-Term Capital Lease Obligation

Traded in Other Exchanges

N/A

Address

41-22, Boryeong Road, Yeonggu-Gu, Gyeonggi-do, Anyang-si, KOR

Website

http://seo-yon.com/kr

Seoyon Co Ltd is engaged in manufacturing interior parts for automobiles.

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